Managers of Wealth Africa

Seizure of property obtained from unlawful or criminal activity

Preservation and forfeiture orders do not depend on prosecution.

How SA's first consumer class action lawsuit is taking on sham 'loan' companies

He entered his personal details and ticked a box stating he had read the site's terms and conditions, thinking it was the usual boilerplate.

South African court reaffirms stance on enforcement of arbitral awards

The High Court confirmed that bringing a failed counterclaim before a court by way of action proceedings is a “proverbial flogging of a dead horse” and cannot be used as a ground to delay the enforcement of the arbitral award.

African Legal Support Facility celebrates achievements as it begins new 14-year mandate

“The Facility must assist African countries to negotiate fair and balanced contracts to eliminate opportunities for illicit receipt, use, or transfer of funds,” Mbeki said.

IFLR Recognizes Two Milbank Associates as 2021 EMEA Rising Stars

She also advises on the related UK/EU regulatory framework, focusing on the EU risk retention regime as it applies to both EU and US securitization transactions.

African Bank warns of data breach with personal details compromised

As an additional precautionary step, African Bank’s fraud prevention team has enhanced security measures to protect all customers.

It’s “virtually” an office – remote working and employment law considerations

“Semigration” and global mobility may also be useful for employers to consider as it has the advantage of broadening the talent pool and skills available to an employer.

Appleby Mauritius Advises IFC In Connection With The Financing Package Provided To Aspen Finance Propriety Limited

The matter involved a 600 million Euro financing package provided by IFC along with DEG

German state-owned bank fined for Angolan loan exposed in Luanda Leaks

KfW-Ipex-Bank, an import-export bank, had loaned more than $55 million through an Angolan bank to a brewery controlled by Isabel dos Santos.

IFLR1000 recognizes Dentons lawyers and practice teams across EMEA

Altogether, 94 lawyers received Highly Regarded rankings and 61 were awarded a Notable Practitioner rating.

Stanbic Bank Unveils Financial Pack For Lawyers

The bank says the special lawyers’ pack offers an international education and health plans, commercial property loans for senior partners, members of the judiciary and C-Suites Executives to build their own chambers to enhance their growth.

Employee fraud in banks rises - Accounts for more than half of fraud cases in 2020

The new code of ethics is expected to guide the conduct of bankers and banking sector employees in the country.

Banking sector fraud hit GH¢1bn

The losses incurred as a result of fraud for 2020 stands at GH¢25.40 million, as compared to an estimated loss of GH¢33.44 million in 2019, representing a 24.0 per cent decrease.

SA crypto developer Riccardo 'Fluffypony' Spagni denied bail by US court

In a ruling on Wednesday, a US judge ordered that Spagni be remanded in custody until his extradition hearing takes place.

Suleiman-led Sterling Bank Engulfed In N1.7 Billion Fraud Scandal

Mohammed stated that Sterling Bank alleged that a customer’s bank account was profiled via internet banking and the sum of N1,790,558,0 00.00 was transferred to various individuals and companies.

Microfinance Bank MD jailed five years for fraud

The court ordered the bank chief to pay N3.8 million to the bank through the EFCC.

Ashurst advises lenders on largest-ever UK Export Finance-backed financing in francophone Africa

The project will provide fully-equipped modern healthcare services for a catchment area of more than a million people.

When can the Labour Court make a settlement agreement an order of court?

The agreement also included confidentiality and restraint of trade undertakings.

Group Asks FG to Probe Ex-Bank Director $40m Fraud Allegation

The group thus urged the relevant authorities, including the Economic and Financial Crimes Commission (EFCC) to carry out a holistic investigation in unveiling such a suspicious amount of money.

Bank account details stolen in major insurance hack in South Africa

The breach affected short-term insurance customers whose debit orders are processed via brokers who use or have used the Qsure service, dating back to 2014.